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CII M05 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Law of Contract12%- Formation of contract
  • 1. Offer, acceptance, consideration, intention
    • 2. Terms, breach, remedies, privity
      Topic 2: English Legal System and Basic Concepts10%- Nature and sources of law
      • 1. Common law, statute law, EU law
        • 2. Legal persons and capacity
          Topic 3: Law of Agency8%- Authority, duties, rights and liabilities
          • 1. Agent-principal relationship in insurance
            Topic 4: Legislation and Regulation14%- Consumer protection, data protection, FCA/PRA rules
            • 1. Insurance regulatory framework
              Topic 5: Formation of Insurance Contracts18%- Utmost good faith, disclosure, representation
              • 1. Insurable interest, indemnity, subrogation
                Topic 6: Law of Torts8%- Principles of tort liability
                • 1. Negligence, nuisance, strict liability
                  Topic 7: Terms and Interpretation of Insurance Contracts16%- Conditions, warranties, exceptions
                  • 1. Vitiating factors, construction of terms
                    Topic 8: Claims and Loss Settlement14%- Notification, proof of loss, measure of indemnity
                    • 1. Subrogation, contribution, proximate cause

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                      CII Insurance law (IL) Exam Sample Questions (Q119-Q124):

                      NEW QUESTION # 119
                      A riot results in a shop being damaged and the shopowner's insurer settling the claim. A subrogation right enabling the insurer to sue the police authority arises under

                      Answer: D


                      NEW QUESTION # 120
                      The principle of subrogation prevents a policyholder from profiting from

                      Answer: B


                      NEW QUESTION # 121
                      A breach of warranty under the general law of contract legally entitles an injured party to

                      Answer: D


                      NEW QUESTION # 122
                      An employee suffered a minor injury lo his arm at work, due to a breach of duty by his employer. The medical treatment he received at hospital was negligent and caused his minor injury to deteriorate to the extent that his arm had to be amputated. To what extent, if at all, is the employer liable?

                      Answer: B


                      NEW QUESTION # 123
                      Which of the following is a feature of an insurance contract under the principle of "utmost good faith"?

                      Answer: C

                      Explanation:
                      Under the principle of utmost good faith (also known as "uberrimae fidei"), the insured must disclose all material facts to the insurer that could affect the insurer's decision to provide coverage or the terms of the policy.


                      NEW QUESTION # 124
                      ......

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